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Real Estate Resources:
Special Offers - Special offers for Clearwater, Tampa and St. Petersburg homeowners from The Hayslett Team.
Affiliates - The Hayslett Team's real estate web site affiliates.
eNewsletter - The Hayslett Team'sClearwater, Tampa and St. Petersburg newsletter email will send you the latest real estate information.
Today's Real Estate News - Daily real estate news for this neighborhood, Florida, and United States.
Market Conditions Report - Market conditions report for this area, Florida, and United States.
Monthly Payments & Schedule - Monthly loan payments java mortgage calculator.
How Much Can You Afford? - Calculate how much home you can afford with this financial calculator.
Determine Tax Savings - Calculate how much your monthly Clearwater, Tampa and St. Petersburg, Florida mortgage payments save you on your taxes because of loan interest.
Should You Rent or Buy? - Is it better to rent a home in Florida or buy your own Clearwater, Tampa and St. Petersburg house, ranch, luxury property, condominium, acreage, or other real estate?
Adjustable Rate Mortgages - Adjustable rate Clearwater, Tampa and St. Petersburg mortgages information and interest rate java calculator.
What Is Your APR? - Determine the Annual Percentage Rate (APR) for your mortgage.
Fixed or Adjustable Rate Mortgage? - Use this calculator to compare a fixed rate mortgage to two types of ARMs, a Fully Amortizing ARM and an Interest Only ARM.
Are Balloon Mortgages For You? - Balloon mortgage calculator. A balloon mortgage can be an excellent option for many home buyers.
15 vs. 30 Yr Mortgages - With a 15 year mortgage you will pay significantly less interest, but only if you can afford the higher monthly payment. Use this calculator to compare these two mortgage terms.
How Much Should Your Income Be? - What income is required to qualify for a mortgage? Use this calculator to find out.
What's Your Maximum Mortgage? - This calculator will help you determine your maximum monthly housing payment and the resulting mortgage amount.
Will Buying Points Save You Money? - This calculator helps you determine if you should pay for points, or use the money to increase your down payment.
TripleCalc - FREE Software Download: TripleCalc lets you compare three loans at one time for your property or other Florida real estate.
Top National Real Estate Web Sites - Real Estate Web Sites that include some unique sources of realty information, listings, and more.
Ask Anything - Ask The Hayslett Team anything real estate.
NUMBER1EXPERTS™ - List of all the NUMBER1EXPERT™ real estate agents and realty professionals and brokers in the USA and Canada with links to their personal web sites with homes for sale.
Real Estate Tips - The Hayslett Team's realty library of real estate tips and advice on everything from preparing your home for sale to negotiating with home buyers to escrow, closing costs, property inspections, and mortgage brokers.
Real Estate Trivia - The Hayslett Team's collection of real estate trivia questions and answers that include real estate topics such as the most expensive home, largest swimming pool, and more.
Real Estate Dictionary - Complete real estate dictionary and glossary of realty words you'll use when you list and sell your Clearwater, Tampa and St. Petersburg property in Florida, including legal terms definitions, and more.
Go to Main Sitemap - Main sitemap sections include Find Clearwater, Tampa and St. Petersburg Homes, For Home Buyers, For Home Sellers, Clearwater, Tampa and St. Petersburg Information, Real Estate Resources, and About The Hayslett Team.

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Interest Rates >Locking in Loan Rates
It is important for both new homebuyers and homeowners who want to refinance to understand how to lock in an interest rate when applying for a mortgage loan. Understanding how rate locks work prepares you to evaluate your options.
While you are in the process of applying for your mortgage loan, interest rates will most likely fluctuate from day to day and week to week. If you want assurance that the wonderfully low interest rate on your loan will not increase while you are waiting for loan approval, ask for a rate lock. A conventional rate lock is a guarantee from the lender that your mortgage will carry a particular interest rate, with specific, predetermined points and fees.
The interest rate is "locked in" for a specified period of time, usually thirty days. When you call a lender for a rate quote, ask how long that rate will last for. If you think you might need more than thirty days to complete your home purchase or refinance, tell your lender how many days you will require, and they will give you an adjusted rate quote.
Rate locks are especially useful if interest rates are on the upswing, and you are concerned about ending up with higher monthly payments. If you cannot afford the risk of a further interest rate increase, lock in your loan rate now.
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